ETH/USDT – 1H – SELL

The pair Ethereum/Tether (ETH/USDT) jumps from the ascending trendline down.

A descending movement down to the next support line at will persist.

Caution: A possible counter-trend in the direction of resistance at 4336.020000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 4296.09504 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 4336.020000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

4336.020000000 – 4315.350000000 – 4490.000000000 – 4270.810000000 – 4236.000000000 – 4256.030000000 — 57.710166642619 – 49.291364292438

Trading Signals: CRYPTO – ETH – ETH/USDT – USDT – Three Outside Down – Double bottom retreat down – –